“Since its inception, Dodd-Frank has imposed numerous regulations that have hindered economic growth, made it harder for consumers to access credit, and altered the constitutional balance of power. American consumers and financial institutions alike need relief from burdensome federal regulations and I am pleased to see the President take steps to evaluate how we can do just that.

Similarly, the President’s actions to delay and review the Fiduciary Rule demonstrates his commitment to stand up for the working families across the country. I look forward to working with my colleagues on the House Financial Services Committee to strengthen consumer and retiree protections without increasing costs, restricting growth, and expanding the reach of the federal government.”